ABFS - I sold mine last Monday. Convinced of peak oil, I moved the money to BNI.
During the past week I bought more SU, NXY, CNQ, PCZ, and others. Still have HELE. After 2 years, it is at a slight profit. Bought some Uranium. My non-income stocks are 52% oil sands now. 67% if you add in coal and other energy stocks.
Housing has recovered, but all I have is some RYL. I know you are hanging in there on housing.
..................................
The secret is out now -- OPEC cannot keep up:
NEW YORK (Reuters) - Crude oil surged 4 percent Monday as... OPEC ministers signaled the cartel is powerless to rein in runaway prices with an output hike... Iranian oil minister Bijan Zanganeh said OPEC was helpless as it was producing very close to full capacity. "We are worried about it, but we can't do anything," he said of the price. "Prices will remain high until 2006 or 2007, as there will be no excess capacity in the market until then."
me: actually, he is a bit off -- 2006 and 2007 will be worse.
grommit |
